Soho House & Co Inc. (NYSE:SHCO) Reaches New 12-Month High – Here’s Why

Soho House & Co Inc. (NYSE:SHCO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $9.00 and last traded at $8.9950, with a volume of 274979 shares traded. The stock had previously closed at $8.91.

Analyst Ratings Changes

A number of equities analysts recently commented on SHCO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $9.00.

Soho House & Co Inc. Stock Performance

The company has a market cap of $1.76 billion, a P/E ratio of -22.49 and a beta of 0.69. The business’s fifty day moving average is $8.81 and its two-hundred day moving average is $8.48.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%.The firm had revenue of $370.75 million for the quarter, compared to the consensus estimate of $352.80 million. Analysts expect that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Soho House & Co Inc.

Hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of Soho House & Co Inc. by 44.4% in the 4th quarter. UBS Group AG now owns 514,693 shares of the company’s stock valued at $4,612,000 after acquiring an additional 158,160 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Soho House & Co Inc. by 32.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 89,111 shares of the company’s stock valued at $798,000 after buying an additional 21,767 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Soho House & Co Inc. in the 4th quarter worth approximately $4,092,000. Tudor Investment Corp ET AL raised its stake in shares of Soho House & Co Inc. by 755.9% during the 3rd quarter. Tudor Investment Corp ET AL now owns 220,000 shares of the company’s stock worth $1,947,000 after acquiring an additional 194,295 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its stake in shares of Soho House & Co Inc. by 3,634.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 186,733 shares of the company’s stock worth $1,652,000 after acquiring an additional 181,733 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

About Soho House & Co Inc.

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.